11 Water Street, Damariscotta, ME 04543
Local realty services provided by:CENTURY 21 Advantage
11 Water Street,Damariscotta, ME 04543
$995,000
- - Beds
- 5 Baths
- 2,724 sq. ft.
- Multi-family
- Active
Office: newcastle realty207-563-1003
MLS#:1663212
Source:ME_MREIS
Price summary
- Price:$995,000
- Price per sq. ft.:$365.27
About this home
A landmark building in the heart of downtown Damariscotta, 11 Water Street offers a rare opportunity to shape its next chapter. Continue its current use as several apartments or reimagine the space for retail, dining, offices, or another community-centered purpose.
Built in 1803 as the schoolhouse in Sheepscot Village, Maine, this distinctive property was relocated to the riverfront in Damariscotta in the 1950s. At that time, it was significantly enlarged and with the addition of a steeple, served as the Christian Science Church until 2010.
The building was extensively renovated and thoughtfully updated in 2011 to accommodate the restaurant Savory Maine. At that time, the addition of a dormer and two skylights transformed the unfinished attic into a bright one-bedroom apartment and the church office became a studio apartment that is a very popular Airbnb. Two expansive waterfront decks were constructed and all of the electrical wiring and plumbing was replaced. Additional upgrades include Airkrete insulation throughout the exterior walls, roof, and between floors, mini-split heat pumps in all units, a full sprinkler system, and a new roof, fascia boards, and gutters.
Today, the building offers four separate units--three one-bedroom apartments and one studio--while retaining the flexibility to accommodate a wide range of commercial or mixed-use possibilities.
Located adjacent to a large public parking lot, the property enjoys a highly visible and convenient in-town setting in the heart of downtown Damariscotta. Its prime Midcoast location places it within easy reach of destinations such as Pemaquid Point Lighthouse, Pemaquid Beach Park, Boothbay Harbor, and the Camden-Rockport area. With its rich history, extensive upgrades, and exceptional location, this is a rare commercial opportunity well-positioned to attract customers, tenants, or clients for years to come....
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Home facts
- Year built:1803
- Listing ID #:1663212
- Updated:July 30, 2026 at 10:29 AM
Rooms and interior
- Total bathrooms:5
- Full bathrooms:4
- Flooring:Carpet, Ceramic Tile, Vinyl, Wood
- Basement Description:Finished, Full, Interior Entry, Walk-Out Access
- Living area:2,724 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric, Heat Pump, Heating
Structure and exterior
- Roof:Shingle
- Year built:1803
- Building area:2,724 sq. ft.
- Lot area:0.22 Acres
- Lot Features:Business District, Corner Lot, Intown, Near Public Transit, Near Shopping, Open Lot, Rolling Slope
- Architectural Style:Federal
- Construction Materials:Vinyl Siding, Wood Frame
- Exterior Features:Deck, Patio
- Foundation Description:Poured Concrete
- Levels:Multi Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$995,000
- Price per sq. ft.:$365.27
- Tax amount:$8,197 (2025)
Parking
- Parking description:5 - 10 Spaces, Common, On Site
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